Today, I was on myLot for a few minutes...goofing off mainly. As most of you know, myLot is a site where you are paid to participate (aka discuss things). The earnings are really low; but as a writer, I do find it handy for coming up with things to write about.
Anyway, I was looking at the discussions posted in the "making money" section when I came across this wonderful idea being trotted out for making very little money when wasting a whole lot of time. Try not to laugh too hard as I mock the posting (spelling and grammar corrected).
"Wonderful earning opportunity for those who have both Facebook and Paypal accounts. Announcing a new site paying members to 'Like' the content of its members. Get paid $.01 per like. Sign up today and recieve 5-12 new articles to like per day."
Minimum payout is ten dollars. And the site is charging people a dollar for fifty likes.
And for me, this site is just typical of online earning opportunities designed for those people who are incapable of doing basic math. Let's do some math, shall we?
With a payout threshold of ten dollars, and assuming the minimum number of expected new "like" requests per day, it would take someone two hundred days to reach the threshold. Furthermore, if it takes you two minutes a day to do the work, then you would earn ten dollars for six or seven hours of work dribbled out over the course of a year.
Sounds like a lot of bloody work for very little money. I think that I will stick to my writing instead.
But it is typical of most of the online income opportunities that you see. And the only people to really make money from them are the people who set them up. Look at this one---half of the money is earmarked for payment to the "likers." Yet, we all know that most of the people who sign up to do this work are not going to make payout; they will give up long before they reach threshold. This is a win for the organizers of the scam (I call them as I see them).
The customer who is paying for "likes" is also losing. In the short term, they are getting Facebook likes. But in the long term, these likes are going to be worthless, or less than worthless. People and search engines get wise to this type of tactic. And search engines punish companies and individuals who use them.
So the only winners, the only people who really benefit from the system, are the scam organizers (again, I am calling it like I see it).
I find that basic math like this reveals that most online income opportunities pay less than flipping burgers. Writing, photography and art---all pay better if you have some talent. Heck, they pay better even if you don't have talent (the announcement for this new income opportunity was just horrible).
As for the name of the opportunity, it is Rylcolike (that is how they spelled it---I have yet to be able to actually locate them on the internet---just curiosity really, I would never actually sign up for this type of work---after all, I can do basic math).